Rising technological advancements, increasing purchasing power of individuals, and a variety of products portfolio offered by market players are the leading factors driving the global built-in kitchen appliances market during the projected period.
According to TechSci Research report, “Built-in Kitchen Appliances Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” The growing consumer awareness of built-in appliances, increasing product innovation by market players, and the rise in presence of built-in kitchen appliance brands on online platforms are some of the factors fueling the overall sales of this market on the global level.
The growing preference for built-in kitchen appliances is due to various benefits offered by these products. For instance, the built-in ovens are simpler to use because they are usually situated at a user-friendly height. Additionally, the kitchen seems cleaner and more organized due to the saved space. Additionally, they are modern in both style and functionality because of extra capabilities like touch control and automatic programs. These ovens are very hygienic owing to its self-cleaning capabilities, which is made possible by a unique procedure called pyrolysis, and the fact that they are enclosed, also protects them from dust and other external harm.
Also, the variability in capacity is one of the built-in refrigerator’s main benefits. The depth of the refrigerator is constrained by the depth of the surrounding cabinets, but the width can be adjusted to produce a configuration that fully satisfies the user’s needs. Additionally, because these units are tall, there is an opportunity for modifying functionality to fit the unique lifestyle of the user, such as adding more space for the freezer compartment or extending the fresh food section. Built-in refrigerators are hence incredibly functionally adaptable and elegant in design.
One of the key advantages of built-in appliances is their capacity to conserve space. This cutting-edge kitchen equipment, which includes everything from a built-in gas burner to a built-in refrigerator is particularly effective in smaller kitchens with limited foundation and surface area, and only takes up space that would have been occupied by cabinets. The built-in appliances in modular kitchens look sleek and contemporary since they are parallel to the wall. They blend perfectly with both contemporary and traditional kitchens, owing to their adaptability and elegance. Also, the sleek, contemporary style of built-in kitchen equipment makes it simple to create a continuous, hassle-free finish throughout the whole kitchen layout. Additionally, they offer sophistication and improved working circumstances.
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The built-in kitchen appliances market is segmented based on product type, distribution channel, and region. The distribution channel segment is divided into direct sales, out of these, the online segment is anticipated to register the highest growth due to factors such as the increase in internet users, online platforms, the rise in the adoption of smartphones, etc. Various brands are broadening their presence on online platforms in order to expand their consumer reach. Moreover, consumers are preferring this mode of purchase since it is convenient, saves time, and provides complete details about the product. Also, discounts & offers provided by brands encourage consumers to purchase these products online. These factors are projected to fuel the market growth in the forecast period.
In terms of region, the market is segregated into Europe, North America, Asia-Pacific, South America and Middle East & Africa. Out of which, Europe held a significant share in the global built-in kitchen appliances market owing to the higher preference of built-in products in the nation.
Key market players in the built-in kitchen appliances market include:
- AB Electrolux
- LG Electronics Inc.
- BSH Hausgeräte GmbH
- Whirlpool Corporation
- Panasonic Corporation
- Samsung Electronics Co., Ltd.
- Haier Group
- Glen Dimplex Europe Holdings Limited
- Miele & Cie. KG
- Häfele SE & Co KG
The majority of the leading brands are concentrating on developing new models with the newest features as a result of the escalating competitiveness in the built-in kitchen appliance industry in India. Additionally, manufacturers of built-in kitchen appliances are expanding their research and development divisions to build innovative products that will appeal to the untapped consumer base around the world.
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“Rising availability of quality products at low prices, smart kitchen appliances, growing technological advancement, increasing consumer awareness regarding these products, and rising demand for kitchen appliances as a result of rising population are some of the major key factors among others driving the built-in appliances market. Additionally, the forecasting period will see an increase in demand for built-in kitchen appliances due to the fast-paced growth of the food business and the increased usage of cutting-edge technology in these appliances.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Built-in Kitchen Appliances Market, By By Product Type (Built-in Ovens & Microwaves, Built-in Hobs, Built-in Dishwashers, Built-in Refrigerators, Built-in Hoods Built-in Ranges, Others (Built-in Coffee Machines, Built-in Barbeque Griller, etc.)), By Distribution Channel (Direct/Distributor Sales, Multi-Branded Stores, Exclusive Stores, Supermarkets & Hypermarkets, Online), By Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America), Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of built-in kitchen appliances and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in built-in kitchen appliances market globally.